What are the costs involved in buying a house?
inheritanceshiteagain · 23/09/2022 21:25
Buying a house for around £300K. House being sold is part of a probate estate so all fees for selling current home will be paid by the estate.
Do you pay the estate agent fees only on the house you are selling? Nothing on new house?
Solicitors fees? How much
Full structural survey?
Any other fees or taxes?
PPPPlease · 23/09/2022 21:37
EA fees if selling only.
Phone 2/3 solicitors and ask how much their conveyancing fees are. They can differ by a couple of hundred £’s.
SD depends on the value of the house. Calculator here
Removal costs depends how much stuff you have, how many rooms & how far you are moving.
LionessesRules · 23/09/2022 21:42
Mortgage fees and/or money transfer fees
pastypirate · 23/09/2022 22:08
It's always more than you think.
JamesBondOO7 · 23/09/2022 22:13
As a solictor for a quote and ask them what charges on top - you then should have a better idea re sol fees inc search fees odds and ends plus a bit more
Full surveys get quotes
Costs can go up if sol has to do so-called extra work they always do
and don't forget that the buyer or even you could pull out before exchange of contracts and that too would involve sol feets etc
Pixiedust1234 · 23/09/2022 23:11
posting so I can find this thread again. My "watching" doesn't always work
IvyPlant · 23/09/2022 23:14
You probably want to add an extra £100 to all of the above to account for the spy cameras you'll need to buy to record the mischief your tradespeople get you to in your new home*
*Providing you buy a renovation project and need to hire tradespeople.
Fifthtimelucky · 23/09/2022 23:58
My daughter is in the process of buying a one bedroom flat for £230,000. So far she has paid or been quoted the following:
Survey: she's having a level 2 survey which is a little over £500. I imagine it would cost more for a larger property. She's paying a bit extra to have the report illustrated with colour photos and there are other optional extras that she is not having. A full level 3 structural survey would have been over £900.
Solicitor: nearly £3,000. The basic fee is around £1100 but there is also a supplement of £650 because it's a leasehold flat, £500 for searches and £150 land registration fee, plus lots of VAT.
Mortgage fee: £1,000.
Stamp duty: not payable because she's under the limit.
Removal costs: there won't be any, other than petrol. She's a first time buyer and hasn't got much stuff to move (no furniture) so we can do it between us in two cars.
Estate agent: nothing. The seller pays the estate agent.
I think that's it. Obviously there might also be costs for furniture and appliances depending on what you have already and what comes with your new house. My daughter's flat is fitted with all the big kitchen appliances she needs, but she will be buying a bed, sofa, table and some sort of shelving/bookcases.
You might also need money for curtains and carpets. My daughter's vendors are leaving the curtains in the main room which is really helpful because it has two unusual shaped windows.
The depressing thing is that she is shelling out all the money on surveys, surveys and legal fees and it could still all fall through. We have our fingers firmly crossed!
Good luck with your purchase.
RidingMyBike · Yesterday 08:41
Contact a few solicitors to ask for costs. That also gives you an idea how efficient they are and what sort of info they provide - we went with the slightly more expensive one who replied promptly and provided more detailed information.
Contact a few removal companies for quotes once you know where you're moving to. It'll vary depending on size of property, amount of stuff, distance travelled and how easy access is.
inheritanceshiteagain · Yesterday 08:58
Thanks. Good info ❤️
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